This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cambridge Bancorp President And CEO Joseph Roller Announces Mid-2015 Retirement Plans

Cambridge Bancorp President and CEO Joseph V. Roller II announced today his plans to retire by mid-2015, setting the stage for the company’s Board of Directors to begin the search for his successor. Roller has been with Cambridge Bancorp and its subsidiary, Cambridge Trust Company, since 2001 when he joined as President and Chief Operating Officer. In 2003, he was named CEO. Roller is the 11 th president in the 124-year history of the Bank.

Under Roller’s leadership, the Company has experienced impressive growth in all of the institution’s key metrics. Since 2001, total assets have more than doubled to $1.5 billion as of March 31, 2014. Similarly, total loans have increased from $221 million to $947 million and total deposits from $494 million to $1.3 billion during that period. Wealth Management client assets under management have enjoyed significant growth from $1.2 billion in 2001 to $2.2 billion today.

Cambridge Bancorp’s earnings have shown solid growth since Roller joined the Company and consistently ranked in the top quartile of banks in the Commonwealth, as measured by return on equity.

"On behalf of the entire Board, I congratulate Joe on his prospective retirement next year after a distinguished 40-year career in the financial services industry and his outstanding stewardship of the Company for the past 13 years. Our challenge now is to find a worthy successor, a President and CEO who can maintain the momentum and sustain the same impressive results that have been the hallmark of Joe's leadership," said Cambridge Bancorp Lead Director Linda Whitlock.

During Roller’s tenure, the Bank expanded its geographic reach to a retail network of 12 branches and recently completed a total renovation of its headquarters in Harvard Square. In addition, the Bank established an Innovation Banking Group in Kendall Square, Cambridge and relocated the Wealth Management Group to 75 State Street in Boston’s financial district.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $116.39 -0.29%
GOOG $691.93 0.13%
TSLA $238.02 -3.90%
YHOO $36.36 -0.63%
AAPL $93.17 -1.80%


Chart of I:DJI
DOW 17,685.20 -145.56 -0.82%
S&P 500 2,055.98 -19.83 -0.96%
NASDAQ 4,759.3580 -45.9330 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs